Required information [The following information applies to the questions displayed below! The following calendar year-end information is taken from the December 31, 2017. adjusted trial balance and other records of Leone Company Advertising expense Depreciation expense-office equipment Depreciation expense-Selling equipment Deprecation expense-Factory equipment Factory supervision Factory supplies used Factory utilities Inventories Raw materials, December 31, 2016 Raw materials, December 31, 2017 Work in process, December 31, 2016 work in process, December 31, 2017 Finished goods, December 31, 2016 Finished goods, December 31, 2017 $ 31,200 Direct labor 11,200 Income taxes expense 10,500 Indirect labor 32,800 Miscellaneous production costs 107.900 office salaries expense 7.600 How materials purchases 36,000 Rent expense-office space Rent expense-Selling SPACE 168,900 Rent expense-actory building 194,000 Maintenance expense-Factory equipment 17,200 Sales 23.00 Sales salaries expense 163,000 140,900 $ 689,100 274.100 56,000 70,000 973,000 30.000 25,000 79.100 39.900 4,546,000 304,200 2. Prepare the company's 2017 income statement that reports separate categories for (a) selling expenses and general and administrative expenses W art 2 of 2 LEONE COMPANY Income Statement For Year Ended December 31, 2017 oints Cost of goods sold eBook Print Goods available for sale References Cost of goods sold Operating expenses Selling expenses 5 983 Required information Sf2 Total selling expenses General and administrative expenses Total general and administrate expenses Total Operating expenses Income before taxes Net inte